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China's fixed-asset investment rose 8.3 per cent in January-October from the same period a year earlier, slightly higher than market expectations, while industrial output and retail sales growth were weaker than forecast.

PHOTO: AFP

[BEIJING] China's fixed-asset investment rose 8.3 per cent in January-October from the same period a year earlier, slightly higher than market expectations, while industrial output and retail sales growth were weaker than forecast.

Analysts polled by Reuters had predicted investment growth of 8.2 per cent, the same pace as in the first nine months of the year.

Growth of private investment quickened to 2.9 per cent from 2.5 per cent in January-September, which picked up from a record low of 2.1 per cent in the first eight months.

Private investment accounts for about 60 per cent of overall investment in China.

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Industrial output rose 6.1 per cent in October from a year earlier, the National Bureau of Statistics said on Monday, below analysts' estimates for a rise of 6.2 per cent, following a 6.1 per cent rise in September.